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In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that the classical notion of ‘centre of gravitation' is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given...
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In this paper we show that the Manara problem in the case of Sraffa's generalized multiple-production case arises due to the presence of superfluous processes of production. We argue that 'goods' should be defined from the perspective of the system and not the observer. We provide a mathematical...
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In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that the classical notion of 'centre of gravitation' is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given effectual...
Persistent link: https://www.econbiz.de/10008469296